Rumor Suggests YouTube is Buying Twitch for $1 Billion

If true, the deal will mark YouTube's most significant acquisition in its history.

YouTube is buying popular video game streaming service Twitch for "more than $1 billion," says a new report from show-biz site Variety.

According to the publication's sources, the Google-owned company will
make an announcement about the deal "imminently." It's not been knocked
out of the park yet, however: YouTube is reportedly expecting tough
questions from the Justice Department around anticompetitive
practices, considering both services are far and away number one in
their respective fields.

Twitch was launched in June 2011 by co-founders of Justin.tv Justin Kan
and Emmett Shear, and has subsequently become the go-to space for
user-generated streaming and an integral part of the vision behind
next-gen hardware. If the deal goes ahead, it will mark YouTube's most
prolific acquisition in history.